Finance, Forex and Investments

I am travelling to Colaba Mumbai(Bombay) India,What is the exchange rate of rupees in BLACK MARKET?

I am travelling to india at the end of this month.I'll be staying in Colaba Mumbai(Bombay). Is there any good and cheap hotel for someone on budget and whats the exchange rate of their currency in blackmarket since bank rate is not very satisfactory

Public Comments

1. Rs 50.00 for one USD, but if you can negotiate you might get better rates
2. u have not mentioned which currency u are talking about. US$ is around Rs.50.
3. you can check out the real time exchange rates here for inr http://inr.exchangerates24.com/